Wednesday, February 14, 2018 10:15 PM ET
Insider Selling at Facebook (FB) Continues with Significant Sale
One insider — Mark Zuckerberg, 10% Owner, Director and Officer — today, disposed of 397,200 shares of Facebook having a market value of approximately $69,564,736, as disclosed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 234,233 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 631,433 shares and have averaged 105,239 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Facebook is greater than the 11-company peer group average. Social Media & Networking peer group saw 33 buy/sell trades during this period for an average of 3.0 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 76,969 shares purchased and 3,089,935 shares sold with company insiders selling 91,302 shares on average.
The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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